Safe is a leading smart contract wallet on Ethereum and other EVM-compatible chains, securing over $100 billion in digital assets. It offers a multi-signature feature, enabling multiple approvals for transactions, which enhances security for individuals, DAOs, and institutions.
Value Proposition:
Safe provides a secure and customizable environment for managing digital assets. Its multi signature functionality allows for co-ownership and collaborative management, making it ideal for organizations and teams. The platform also features a built-in app store, enabling users to interact seamlessly with decentralized applications (dApps) directly from the wallet interface.
Governance:
Safe operates under a decentralized governance model through the SafeDAO. SAFE token holders can participate in governance decisions, helping to shape the future direction of the Safe ecosystem. This includes voting on proposals and contributing to the development of the platform.
Tokenomics:
The SAFE token is the governance token for SafeDAO, which oversees the Safe ecosystem. It has a fixed supply of 1 billion tokens. The initial circulating supply was 427 million tokens.
Previous Funding:
In July 2022, Safe raised $100 million in a funding round led by 1kx, with participation from investors such as Tiger Global, A&T Capital, Blockchain Capital, ConsenSys, and Polygon.
